About Abans Finance Private Limited
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Abans Finance Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Abans Holdings Limited. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 11 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51219MH1995PTC231627. Its GSTIN is 27AADCS7186D1Z6 (Maharashtra).
The company has an authorised share capital of ₹163.5 Cr and a paid-up capital of ₹34.47 Cr. It was formerly known as Sofed Comtrade Pvt.Ltd and Sofed Comtrade Ltd. It is led by directors including Kumud Chandra Paricha Patnaik and Ashima Chhatwal.
Its last annual general meeting (AGM) was held on 18 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Offices No. 36 37 38A 3rd Floor Nariman Bhavan, 227 Backbay Reclamation Nariman Point Mumbai 400021., Maharashtra, India – 400021.
As per the financials filed for FY 2023, the company reported a revenue of ₹24.13 Cr, a decline of 29.17% compared to the previous year.
The company has about 46 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Abans Group. As per MCA filings, the company has open charges of ₹201.19 Cr and satisfied charges of ₹16.55 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website abans.co.in.
Company details
Name history
Abans Finance has undergone 6 name changes throughout its history. The current legal name is Abans Finance Private Limited.
| Company Name | Status |
|---|---|
| Abans Finance Private Limited | Current |
| Sofed Comtrade Pvt.Ltd | Previous |
| Sofed Comtrade Ltd. | Previous |
| Sofed Comtrade Pvt.Ltd. | Previous |
| Sofed Comtrade Private Limited | Previous |
| Abans Finance Limited | Previous |
| Sofed Comtrade Limited. | Previous |
CIN history
Abans Finance has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51219MH1995PTC231627, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51219MH1995PTC231627 | Current |
| U51219WB1995PTC067354 | Previous |
| U51219MH1995PLC231627 | Previous |
Contact details
Abans Finance Private Limited's registered office is in Mumbai, Maharashtra. Its website is abans.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffices No. 36 37 38A 3rd Floor Nariman Bhavan, 227 Backbay Reclamation Nariman Point Mumbai 400021., Maharashtra, India – 400021
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Abans Finance Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Abans Finance operates one associated brand: Abans Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Functions as a diversified conglomerate across various industries. | abans.co.in |
Business activity
Abans Finance operates primarily in the financial and insurance service sector. 2 business activities are registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of Abans Finance Private Limited, buy the company report.
Financials of Abans Finance Private Limited
FY 2025 filings availableAbans Finance Private Limited reported revenue of ₹24.13 Cr (down 29.17% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 29.17% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹24.13 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of Abans Finance Private Limited, buy the company report.
Board of directors and KMP of Abans Finance Private Limited
Abans Finance Private Limited currently reports 5 directors and 1 key managerial person. 24 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirbhay Fancy Vassa Also directs: Ethos Assets Private Limited | Cfo | 20 Jul 2021 | 5 Years 3 Months | Current |
| Kumud Chandra Paricha Patnaik Also directs: Abans Financial Services Limited, Abans Securities Private Limited, Abans Broking Services Private Limited and 2 more | Director | 01 Nov 2023 | 3 Years 0 Months | Current |
| Ashima Chhatwal Also directs: Abans Financial Services Limited, Abans Securities Private Limited, Abans Broking Services Private Limited and 3 more | Director | 03 Sep 2021 | 5 Years 2 Months | Current |
| Mahesh Kumar Cheruveedu | Director | 14 Feb 2022 | 4 Years 8 Months | Current |
| Shivshankar Singh | Director | 03 Sep 2021 | 5 Years 2 Months | Current |
| Abhishek Pradeepkumar Bansal Also directs: Abans Alternative Fund Managers LLP, Abans Diversified Alternative Funds LLP, Abans Financial Services Limited and 5 more | Director | 14 Aug 2009 | 17 Years 2 Months | Current |
Peer comparison
Abans Finance Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Abans Finance Private Limitedthis company | ₹24.13 Cr (FY 2023) | -29.2% | 46 | Mumbai, Maharashtra, India | ||
| Intell Invofin India Private Limited | ₹21.37 Cr (FY 2025) | 437.0% | New Delhi, Delhi, India | |||
| Quick Investment (India) Ltd. | ₹21.37 Cr (FY 2025) | 102.0% | New Delhi, Delhi, India | |||
| RBSG Capital Private Limited | ₹21.35 Cr (FY 2023) | 36.0% | Mumbai, Maharashtra, India | |||
| Unicon Suppliers Pvt Ltd | ₹21.32 Cr (FY 2024) | 160.0% | Ahmedabad, Gujarat, India | |||
| Keventer Capital Limited | ₹21.28 Cr (FY 2025) | -1.0% | Kolkata, West Bengal, India | |||
| Goldline Finance Private Limited | ₹21.26 Cr (FY 2024) | 107.0% | Delhi, India | |||
| J M Assets Management Private Limited | ₹21.24 Cr (FY 2019) | 12.0% | Mumbai, Maharashtra, India | |||
| Green Malabar Finance Ventures Limited | ₹21.23 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Abans Finance Private Limited, buy the company report.
Auditor
Abans Finance Private Limited is audited by PARESH RAKESH & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARESH RAKESH & ASSOCIATES | FY 2019 | 119728W |
Shareholding
The shareholding of Abans Finance Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Abans Finance Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 May 2024 | 100943621 | Hdfc Bank Limited | ₹1.29 Cr | Open | |
| 31 Jan 2024 | 100929739 | Others | ₹100 Cr | Open | |
| 07 Oct 2019 | 100308240 | Others | ₹99.9 Cr | Open | |
| 04 Feb 2022 | 100541978 | Others | ₹1.9 Cr | Satisfied | |
| 24 Jul 2020 | 100361394 | Others | ₹1.4 Cr | Satisfied |
To see the full charge records of Abans Finance Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Abans Finance Private Limited has 2 court cases on record: 2 filed by Abans Finance. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against The Assistant Commissioner of Income Tax Department Central Circle 4 3 | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Abans Finance Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Abans Finance Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Abans Finance Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Abans Finance Private Limited has a workforce of 46 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Abans Finance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS7186D1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Abans Finance Private Limited, buy the company report.
Recent activity
Abans Finance Private Limited has 25 board changes on record since 2008: 6 appointments and 19 cessations. The latest: Abhishek Pradeepkumar Bansal ceased to be Director on 08 Nov 2024.
31 earlier events are in the company report.
News
Frequently asked questions
Abans Finance is an active private limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 11 January 1995 (31+ years old) and is registered under CIN U51219MH1995PTC231627.
Abans Finance has 6 current directors and KMP:
- Kumud Chandra Paricha Patnaik - Director
- Ashima Chhatwal - Director
- Mahesh Kumar Cheruveedu - Director
- Shivshankar Singh - Director
- Abhishek Pradeepkumar Bansal - Director
- Nirbhay Fancy Vassa - Cfo
The latest financial statements of Abans Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Abans Finance is 27AADCS7186D1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Abans Finance is U51219MH1995PTC231627. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abans Finance has 2 court cases on record: 2 filed by the company. 2 are pending. Most are in the district courts.
Abans Finance was incorporated on 11 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Abans Finance by revenue are Intell Invofin India Private Limited, Quick Investment (India) Ltd, RBSG Capital Private Limited, Unicon Suppliers Pvt Ltd, Keventer Capital Limited and 3 more, all in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
Abhishek Pradeepkumar Bansal ceased to be Director on 08 Nov 2024. Kumud Chandra Paricha Patnaik ceased to be Additional Director on 12 Aug 2024. Kumud Chandra Paricha Patnaik was appointed as Director on 01 Nov 2023. Abans Finance has 25 board changes on record in total.
Abans Finance has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 30 Apr 2024.
Abans Finance can be reached through the website abans.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Abans Finance is at Offices No. 36 37 38A 3rd Floor Nariman Bhavan, 227 Backbay Reclamation Nariman Point Mumbai 400021., Maharashtra, India – 400021.
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